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Marriott Stock Prices Class Action Lawsuit Overview:
- Who: A Delaware court has dismissed claims by a Marriott stockholder who lodged a class action lawsuit against the hotel chain in 2018.
- Why: Allegations that executive negligence led to a massive data security breach and saw Marriott stock prices tumble came too late, ruled Vice Chancellor Lori W. Will.
- Where: The class action lawsuit is pending Delaware federal court.
Marriott International Inc. has been granted a motion to dismiss in a class action lawsuit alleging the Marriott Starwood data breach could have been avoided if Marriott had done its due diligence and taken precautionary steps to enhance the security of the internal systems, according to a Delaware court.
Not only did the complaint arrive in court after expiration of the three-year statute of limitations associated with many of the claims, but “the plaintiff has not shown that the directors completely failed to undertake their oversight responsibilities, turned a blind eye to known compliance violations or consciously failed to remediate cybersecurity failures,” wrote Vice Chancellor Lori W. Will.
“The data breach that is at the center of this case was momentous in scale and put the data of hundreds of millions of people at risk. Critically, however, the corporate trauma that came to fruition was at the hands of a hacker. Marriott was the victim of an illegal act rather than the perpetrator,” concluded Will in her court order dismissing the class action.
Executive Failure Led to Massive Data Hack, Marriott Stock Price Dip,Claimed Class Action
In the fall of 2018, Marriott discovered a data security breach that had exposed the personal information of up to 500 million guests.
An investigation revealed that the cyberattack was perpetrated through the reservation database of Starwood Hotels and Resorts, which Marriott had acquired two years prior, and had begun in 2014. Following Marriott’s public announcement of the incident, it faced a series of stockholder and consumer actions.
The exploited information included guests’ names, passport numbers, birth dates, email and mailing addresses, payment card details and Starwood Preferred Guest account information.
Was your personal data compromised in the Marriott data breach? Let us know in the comments!
The plaintiffs are represented by Samuel L. Closic and Eric J. Juray of Prickett Jones & Elliott PA and Brian J. Robbins, Craig W. Smith, Gregory E. Del Gaizo, and Emily R. Bishop of Robbins LLP.
The Marriott Data Breach Class Action Lawsuit is Firemen’s Retirement System of St. Louis v. Sorenson et al., Case No. 2019-0965, in the Court of Chancery of the State of Delaware.
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